Calix Inc (CALX)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 29,325 | 41,010 | 238,378 | 33,484 | -17,694 |
| Total assets | US$ in thousands | 941,865 | 884,835 | 742,032 | 427,352 | 316,823 |
| ROA | 3.11% | 4.63% | 32.13% | 7.84% | -5.58% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $29,325K ÷ $941,865K
= 3.11%
The Return on Assets (ROA) for Calix Inc has fluctuated over the last five years. In 2023, the ROA decreased to 3.11% from 4.63% in 2022. This decline indicates that the company generated less profit relative to its total assets in 2023 compared to the previous year. The ROA was significantly lower in 2019 at -5.58%, suggesting that the company experienced a loss relative to its assets that year.
The highest ROA was recorded in 2021 at 32.13%, indicating that Calix Inc was able to generate substantial profit relative to its asset base that year. However, it's important to note that such a high ROA figure could be a result of various factors, such as efficient asset utilization or increased profitability, and may not be sustainable over the long term.
Overall, fluctuations in the ROA of Calix Inc over the five-year period suggest varying levels of efficiency in utilizing its assets to generate profits. Investors and stakeholders may want to further analyze the company's financial performance and strategy to understand the underlying reasons for these changes in ROA and assess the company's overall profitability and operational efficiency.
Peer comparison
Dec 31, 2023